AI
World-beating 55,000% surge in Indian AI stock fuels bubble fears
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The world’s best-performing stock is turning into a cautionary tale for investors chasing outsized returns from the artificial-intelligence boom.
Little-known until recently even within its home market of India, RRP Semiconductor Ltd. became a social-media obsession as its shares surged more than 55,000% in the 20 months through Dec. 17, by far the biggest gain worldwide among companies with a market value above $1 billion.
That’s despite posting negative revenue in its latest financial results, reporting just two full-time employees in its latest…
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